-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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Learn about the man who wants a meeting agenda prior to meeting with the Governor, in the 1 hour movie titled, Madigan: Power, Privilege, Politics. http://www.MichaelMadigan.com links to movie on Illinois Policy’s YouTube channel.
Madigan wants a meeting agenda so he can plan for the meeting.
“We will continue to work to schedule a meeting and look forward to getting an agenda for the meeting from the governor.”
– Madigan spokesman Steve Brown.